Rentokil Initial PLC $RTO Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. grew its stake in shares of Rentokil Initial PLC (NYSE:RTO) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 816,863 shares of the company’s stock after acquiring an additional 40,024 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.16% of Rentokil Initial worth $24,065,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its holdings in shares of Rentokil Initial by 222.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,163 shares of the company’s stock valued at $34,000 after purchasing an additional 802 shares during the period. GAMMA Investing LLC increased its holdings in Rentokil Initial by 76.5% in the fourth quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock valued at $36,000 after buying an additional 534 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Rentokil Initial in the 4th quarter valued at about $39,000. EverSource Wealth Advisors LLC raised its stake in shares of Rentokil Initial by 296.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,954 shares of the company’s stock worth $58,000 after buying an additional 1,461 shares during the period. Finally, IFP Advisors Inc raised its position in Rentokil Initial by 53.8% during the third quarter. IFP Advisors Inc now owns 1,972 shares of the company’s stock worth $50,000 after acquiring an additional 690 shares during the period. 9.91% of the stock is owned by institutional investors and hedge funds.

Rentokil Initial Price Performance

Shares of NYSE:RTO opened at $28.48 on Tuesday. Rentokil Initial PLC has a 12 month low of $22.72 and a 12 month high of $34.67. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.76. The company’s fifty day moving average price is $31.81 and its 200 day moving average price is $31.32.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RTO. Wall Street Zen cut Rentokil Initial from a “buy” rating to a “hold” rating in a report on Sunday, April 5th. Deutsche Bank Aktiengesellschaft downgraded shares of Rentokil Initial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Zacks Research downgraded Rentokil Initial from a “hold” rating to a “strong sell” rating in a research report on Monday, June 15th. UBS Group upgraded shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a report on Thursday, March 12th. Finally, Rothschild & Co Redburn raised Rentokil Initial from a “sell” rating to a “neutral” rating in a research note on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.50.

Rentokil Initial Company Profile

Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.

Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.